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TIF Projections District #2 - Gateway
<br />(2013)
<br />Revenues
<br />TIF Increments on agreements
<br />Internal Loan From Landfill Trust for RAIL ROW
<br />Tif Plan budget amended 12-11
<br />Actual Actual Actual Actual
<br />2009 2010 2011 2012
<br />Tif Plan Budget Amended 11-13
<br />Projected
<br />2013
<br />$ 1,713,092 $ 1,778,780 $ 1,823,891 $ 1,713,507 $ 1,561,000
<br />Transfer of Int earnings prior to 1997 to HRA (41,387)
<br />Easement funds for Business Park 95 10,454
<br />Transfer in for F&C Transfer done in previous years -set up as DUE to FROM 217,422
<br />Interest Earnings(2000 neg int adj for borrowing) 80,303.68 122,918.08 111,750.72 68,211.43 52,957.96
<br />Total Revenue $1,793,395 $1,901,698 $1,894,255 $1,999,140 $1,624,412
<br />Expenses
<br />Sauter Land Purchase Bond Int (Fund 329 $1,680,000 Bond-18% of bond;
<br />Interest Correction from 2003
<br />Sauter Land Purchase Bond Prin (Fund 329 $1,680,000 Bond-18% of bond)
<br />Parabody Pay-Go(site impr)
<br />*** Well #5-Bond Prin (Fund 328 $1,695,000 bond)
<br />Well #5 Bond Int (Fund 328 $1,695,000 Bond)
<br />Bond Interest (Fund 323/335 $2,600,000 Bond)
<br />Bond Principal (Fund 323/335 $2,600,000 Bond)
<br />Sharp Reimbursement -Sunfish Gateway
<br />Debt Service from TIF 8
<br />F&C City Fees(Spending Plan)
<br />Sharp -Duncan Project
<br />Administrative Expenses
<br />Total Expense
<br />AVAILABLE REVENUES
<br />(7,152) (3,993)
<br />(48,600) (51,300)
<br />(20,264) (20,264)
<br />(450,000)
<br />(12,038)
<br />(10,468) (3,644)
<br />(265,000) (265,000)
<br />(46,875) (46,875)
<br />(84,577) (52,385)
<br />(35,133) (13,960)
<br />($980,107) ($457,422)
<br />$813,288 $1,444,276
<br />(608)
<br />(9,000)
<br />(20,264)
<br />(46,875)
<br />(20,264) (20,264)
<br />(18,438) (22,511)
<br />($95,184) ($42,775)
<br />$1,799,071 $1,956,365
<br />(82,746)
<br />Projected
<br />2014>
<br />$ - 21308518
<br />0
<br />-41387
<br />0 10454
<br />217422.03
<br />54,984 422220.19
<br />$54,984 23059729
<br />(40,000) (5,000)
<br />($143,010) ($5,000)
<br />$1,481,402 $49,984
<br />CIP Project Costs:
<br />Bury Carlson Land
<br />Brown Property
<br />Command/National Growth -Minks Property (25,000) (25,000) (25,000)
<br />141stAvenue Road Construction
<br />142nd Court Street Improvements (B&A Cyl) (325,000)
<br />Internal Loan from TIF 14 for Admin Fees F&C project (89,069) (126,701) Parking Ramp Costs (66,363) (15,000)
<br />Sunwood Drive (Use of Excess Funding from Rail Stop See Below) (500,000)
<br />RAIL Stop (Did not need internal loan received tax funds prior to payment) (2,700,436) (1,289,564)
<br />Internal Loan from Landfill TRUST -Principal for RAILSTOP ROW
<br />Internal Loan from Landfill TRUST -Interest 2% for RAILSTOP ROW
<br />Pond Reim -Tag Machine (19,360)
<br />County Road #116 (#47 toDysprosium) (450,000)
<br />Sunwood Drive Realignment (500,000)
<br />County Road #116 (Dysprosium to County #57) (58,225) (41,775) Total CIP Project Costs (102,584) (114,069) (926,701) (3,766,799) (1,346,339)
<br />***Projects complete or to be completed
<br />***Projects as placeholders only
<br />(Available Revenue less Total Project Costs) $710,704 $1,330,207 $872,370 ($1,810,434) $135,063 $49,984
<br />Remaining TIF Balance/(Deficit) $3,138,388 $4,468,595 $5,340,965 $3,530,531 $3,665,594 $3,715,578
<br />Internal Loans - F&C & TIF 14 Admin Expe
<br />Cash Balance not including delinquent tax rec
<br />$ (2,782,605) $ (2,943,202) $2,943,202 eligible internal loan $ (2,943,202)
<br />$747,926 $722,392 $772,376
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